I have 2 cars that we are trying to exclude the payment from for dti ratios.One was owned at $852 monthly payment (this was refinanced to remove borrower from the loan)this one is giving me a problem because they are asking for payoff but honda is saying they take up to 10 days to be able to send it.Any guidance on a way to get this closed sooner would be great, seller is on a tight timeline.Second one is a lease that we have had approval to terminate (for $2600 fee) and then that one would be excluded.

As a borrower yes that is great, but I highly doubt anyone is going to lend seller financing at the risk free rate of return.

Monthly payment comes to $917,  plus another $350 for taxes and insurance so ~$1280/month due to the seller.Using a private money lender to fund the deal, borrowing ~$130,000 @ 10% interest rate, interest only, principal + interest paid as a balloon after completion  or 12 months.House is a 3br/1ba 950sqft. near a university.

Amongst the common misconceptions I see by posters on BP are that hard money loans are junior mortgages to fill the gap between institutional financing and down payment; that it is in lieu of down payment so the borrower can acquire a property with “no money down”, and that it is money borrowed to use for an earnest money deposit.

Previously, I borrowed where my rate was the 5 year treasury plus 2 points.

Also your payments will be higher as you are borrowing up to 95% of the value of the home. 

Owner-financing can be a great strategy for passive income, but since you are now the bank, you need to do due diligence on the borrower to make sure they can make those payments. 

You can only borrower 75% of the value of the home as an investment 80% is possible but the rates are not worth the increase.Home #2 depending on how high you can raise the rents $100K in equity is a good chunk but again are you using a 75% Max LTV and saying there is $100K to pull out.

I want to speak with a lender to see if we could borrow against our existing properties to put less money down, but I have no idea what the cost would be of 1) the land, 2) improvements on the land, and 3) construction of the home.

Are you trying to build up credit for the LLC so it can borrow directly without your DTI and use only the LLCs?